. >> susie: a strong defense of his budget today from president obama. he responded to criticism that he didn't make enough deep spending cuts. the president told reporters his plan, quote,"running up the credit card." le is confident republicans and democrats can agree on changes to he's confident republicans and democrats can agree on changes in social security and other programs, and he thinks investors and the markets want to shrink the deficit. >> if they see us chipping away at this problem in a serious way, even if we haven't solved 100% of it all in one fell swoop, then that will provide more confidence that washington can work. and more than anything, that's not just what the markets want; that's what the american people want. >> susie: but that's not how republican house budget committee chairman paul ryan sees it. ryan said the president hasn't shown the leadership needed to tame the deficit. house republicans want $61 billion worth of cuts in federal spending this year. >> tom, for all of the hoopla about that big merger we've been talking ab